
Apple Inc. ($AAPL) has significantly increased its stock buyback program, spending over $100 billion in the past year alone. This brings the total amount spent on stock repurchases to approximately $690 billion over the last decade. The scale of Apple's buybacks is noteworthy, as it surpasses the market capitalization of 490 companies within the S&P 500. The company's efforts have also led to a 36% reduction in its outstanding share count, highlighting its commitment to returning value to shareholders. The recent buyback in 2024 alone would rank as the 93rd largest company in the U.S. by spending.
$AAPL Over the last 10 years, Apple has repurchased $690 billion in stock and has reduced its outstanding sharecount by 36%. https://t.co/SvaWYYI4b7
AAPL spent an Intel on buybacks this year (>$100bn). The AAPL buyback so far in 2024 would be the 93rd largest company in the US.
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